Ginmon gains Passion Capital backing for robo-advisor
Ginmon, a Frankfurt-based robo-advisor, has raised a new round of funding led by London VC Passion Capital. The size of the round is undisclosed.
Ignition Wealth raises $762,000 from financial planning veteran
Robo-advisor Ignition Wealth has raised Aus$1m ($762,000) in its first round of venture funding from financial planning expert Barry Lambert.
China property financing platform Momfo raises $14m
Gobi Partners and Kaitai Capital have jointly led a ¥95m ($14m) Series A round of funding for Momfo, a Chinese property financing platform. Read more: www.avcj.com
SelfScore raises $7.1m for international student credit
SelfScore has raised $7.1m in new venture funding to help bring much-needed financial services to international students. Read more: techcrunch.com
Uber partners with Betterment for driver retirement advice
Uber announced it has partnered with investment management company Betterment to provide free services to drivers for the first year. Read more: fortune.com
US Bank strikes deal with FutureAdvisor for robo advice
US Bank is striking a deal with FutureAdvisor to offer automated investing service. Read more: www.bankinvestmentconsultant.com
Market surveillance firm Ancoa sets up advisory board
Ancoa Software, a contextual surveillance and insightful analytics provider for exchanges, regulators, and buy and sell-side firms, is establishing an advisory board.
VC and traditional insurer interest in InsurTech remains high
Even though venture capital investments in venture capital-backed FinTech companies fell interest in InsurTech startups continues to pick up steam, a new report reveals. Read more: insurtechnews.com
Aviva partners with tech accelerator
Aviva is to partner with Plug and Play, a global digital start-up accelerator headquartered in Silicon Valley. Read more: insurtechnews.com
FinTech’s license to fail
Mondo received a commercial banking license in the UK. But that comes at a price. Read more : www.bloomberg.com